Bahrain Shipping Report Q2 2015: New research report available at Fast Market Research

From: Fast Market Research, Inc.
Published: Sun Apr 19 2015

The outlook for Bahrain's shipping sector as a whole is tied to that of its premier maritime facility, the Khalifa bin Salman port. In 2015 the port, and so the industry as a whole, is set to post solid growth as it recovers from the contractions in volumes recorded in 2013. Container throughput at the facility is rising as a result of the massive hike in demand at Saudi Arabian ports.

This is a trend we expect to continue over the medium term where Bahrain will continue to develop its role as a regional transhipment hub. In part, this expectation is down to our trade outlook for the country. With exports forecast to grow by a mere 1.9% in 2015, and to continue at a similar pace to 2024, we do not see any significant source of export growth until the planned additions to aluminium and refined oil production capacity come online towards the end of the decade. As a result, the shipping sector must rely on transhipment as an avenue for growth.

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The port of Mina Salman should also see tonnage volumes rise, on the back of demand from an extensive housebuilding programme under way in Bahrain.

Headline Industry Data

* Growth in KBSP total tonnage throughput is forecast at 13.1% in 2015, with average annual growth of 10.6% between 2015 and 2019.
* Growth in KBSP container throughput is forecast at 7.8% in 2015, with an average annual growth of 6.8% over our forecast period to 2019.
* Real growth in total trade is forecast at 4.2% in 2015.

Key Industry Trends

KBSP Dispute Resolved: A dispute over outstanding storage charges has finally been resolved at the Khalifa bin Salman Port (KBSP). In August 2014 the port operator, APM Terminals (APMT), began withholding and refusing to release containers from the facility if their owners had not settled their outstanding bills.

UASC Names First LNG-Ready Mega Vessel: Gulf-based ocean freight services provider United Arab Shipping Company (UASC) has named the first-ever liquefied natural gas-ready mega vessel, according to the...

The Bahrain Shipping Report has been researched at source and features latest-available data and BMI Research's independent forecasting, critically analysing international transport of dry bulk and containers. The report evaluates the global commodities and trade backdrop, alongside in-depth country-specific analysis of trade prospects. The report also contains company profiles covering leading multinational and national shipping companies and analysis of latest industry news, trends and regulatory developments in Bahrain.

BMI's Bahrain Shipping Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the shipping industry in Bahrain.

Key Benefits

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